AAP

The Australian dollar has hit a one-week high, getting a boost from the rising gold price and a good performance on Asian share markets.

Receivers and managers have been appointed to The Rare Coin Company after 31 years of trading.

Another day of soaring gold and commodity prices has helped the Australian share market close higher.

A rise in the gold price has delivered resources stocks a boost and helped to lift the local sharemarket.

Around half of Australian businesses say they recorded no revenue growth in the past 12 months, but most believe the future is looking brighter.

The Australian dollar is higher after gold prices soared and weaker-than-expected American home sales figures put downward pressure on its US counterpart.

US stocks have ended higher after a series of mediocre earnings reports limited buying enthusiasm.

The Australian share market closed at its highest levels in two months due to strong gains in the mining and energy sectors.

The federal election should not be an excuse to put necessary industrial relations changes in the too-hard basket, a leading business group says.

Wangara-based Fleetcare has been forced to cut a quarter of its workforce in the wake of the federal government's move to tighten fringe benefits tax guidelines on car leasing.

The victorious state Liberal party spent $2.3 million more than its Labor rivals in winning the WA election earlier this year.

BC Iron has reported a record production run at its joint venture Nullagine project it operates with Fortescue.

Australian stocks have opened stronger following news China will lift controls on lending interest rates.

Western Australia remains the top performing economy in the nation, while the ACT has jumped into second position as its jobs market improves.

The Australian dollar has gained some ground after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them.

US stocks ended mixed on Friday after strong earnings from some industrial companies were countered by feeble results from Microsoft and other technology companies.

The Australian share market has ended the week with a fall as negative sentiment across Asia prompted a selloff in local resources stocks.

Billabong is facing a challenge to its recapitalisation deal with private equity firm Altamont from two US hedge funds seeking to strike their own deal with the troubled surfwear retailer.

Customs officers and West Australian police are attempting to intercept an asylum seeker boat heading towards the Pilbara coast after it sailed near an oil and gas facility.

Analytical testing services group ALS has raised $112 million from institutional investors as it seeks to complete the funding for its takeover of two businesses.

Proposed changes to fringe benefits tax (FBT) will make the tax system fairer and more sustainable, Workplace Relations Minister Bill Shorten says.

Shares in explosives and mining industry supplier Orica have tumbled after it reduced it full-year profit guidance by 10 per cent.

Santos has cut its production forecasts, but higher gas prices have helped boost the energy company's revenue.

The Australian share market has opened almost a third of a per cent higher.

The Dow and the S&P 500 have closed at new record highs on robust corporate earnings reports and the latest reaffirmation of the Federal Reserve's easy-money policy.

The Australian dollar is higher despite losses overnight following the release of strong US data.

Treasurer Chris Bowen says the end of the Chinese resources investment boom is a challenge but not a crisis for Australia.

The Australian share market has again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher.

Labor's candidate for the federal seat of Perth has disputed claims by transport minister Troy Buswell about the CityLink rail project.

Woolworths is bracing for its home improvement division to lose $139 million as the building sector struggles and wage costs blow out.

Rail operator Aurizon will cut more jobs under plans to make $230 million in cost savings and productivity gains over the next two years.

Energy giant Woodside Petroleum has suffered a fall in sales revenue due to the temporary closure of one of its facilities.